On 24 September 2020 at 15:00 (CEST), Carbon Tracker is hosting a webinar on "The Future's Not in Plastic".
The oil sector believes and is putting substantial amounts of money into the idea, that growth in plastics will enable it to prosper as we move to a world powered by low carbon energy. Is this true? If not, what does it mean for companies and investors?
Plastic demand is forecast to be a key driver of rising oil demand. However, plastic demand growth is unlikely to materialise as the result of higher regulatory pressure and more recycling, which will mean no demand growth for virgin plastic. This removes the last key pillar of oil demand growth.
To help investors better understand this situation, Carbon Tracker latest report The Future’s Not in Plastics which explores petrochemicals and plastic demand.